Wells Fargo & Firm (NYSE: WFC) reported a rise in internet revenue for the fourth quarter of 2024. Earnings additionally exceeded Wall Avenue’s expectations.
At $20.38 billion, fourth-quarter revenues have been broadly unchanged from the prior-year interval. The highest line missed the market’s estimates. Internet revenue moved as much as $5.08 billion or $1.43 per share in This autumn from $3.45 billion or $0.86 per share within the fourth quarter of 2023. Earnings additionally exceeded analysts’ estimates.
“Our earnings profile continues to enhance, we’re seeing the profit from investments we’re making to extend our development and enhance how we serve our clients and communities, we maintained a powerful stability sheet, we returned roughly $25 billion of capital to shareholders, and we made vital progress on our danger and management work,” mentioned Wells Fargo’s CEO Charlie Scharf.
